SIMONA AG — Earnings Release 2009

Apr 28, 2009

News Details

Ireland | 28 April 2009 11:30

Simona AG:

Simona AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act]

Interim report according to Article 37x of the WpHG, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Interim Announcement within the First Half of 2009

Kirn, 28 April 2009

SIMONA also significantly affected by crisis

The SIMONA Group felt the full force of the economic crisis during the
first three months of the 2009 financial year, with revenue falling to EUR
53.0 million, down 31.7 per cent on the same quarter a year ago. The
contraction of revenue was attributable chiefly to the severe decline in
output and investment spending within Germany's mechanical engineering
sector and chemical industry. Within this context, the two principal sales
segments for semi-finished plastics used in chemical tank and equipment
construction were heavily impacted by the significant fall in exports as
well as tentative capital expenditure. Despite the visible decline in
revenue, however, the Group managed to record positive earnings, a tribute
to proactive cost-reduction measures implemented by SIMONA.

There were no significant changes to the company's financial position or
cash flows in the first three months of 2009, with liquidity remaining
solid at all times. Owing to substantial net cash from operating activities
in fiscal 2008, together with a solid financial base, SIMONA has been able
to establish a good vantage point from which to operate during the
challenging 2009 financial year. Having said that, the risks associated
with the future course of business have increased significantly. The global
economy is facing one of the most severe recessions in its history, and at
present, the future direction of business is impossible to predict. In
order to cushion the decline in production output, SIMONA proposed
short-time work as from March 1, 2009, and implemented its action plan to
varying degrees at all German locations. Additionally, a far-reaching
programme aimed at reducing costs was introduced.

The SIMONA Group anticipates a substantial decline in revenue for the 2009
financial year as a whole. A contraction of revenue to EUR200 million
cannot
be ruled out. However, SIMONA remains confident that it can achieve
positive EBITDA as well as a positive cash contribution.

The number of employees rose by eight to 1,228 compared to the first
quarter of 2008.

Kirn, April 2009

The Management Board

28.04.2009 Financial News transmitted by DGAP

Language: English
Issuer: Simona AG
Teichweg 16
55606 Kirn an der Nahe
Deutschland
Internet: www.simona.de

End of News DGAP News-Service

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